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Barchart
Wajeeh Khan

Tesla Just Signed a Chip Supply Deal with Samsung. What Does That Mean for TSLA Stock?

Tesla (TSLA) shares closed higher today after the company announced one of its largest tech partnerships ever with Samsung Electronics. 

The agreement worth an estimated $16.5 billion will see the South Korean giant dedicate its new Texas fab to “making Tesla’s next-generation AI6 chip,” billionaire CEO Elon Musk confirmed in a X post on Monday. 

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